Dogechain is 2 Years Old: Understanding the Utilities the Memechain Provides
Dogechain kicked off this August with the proclamation of their bright mission for the summer month — simply “to keep building”.
As a blockchain celebrating 2 active years of contributing to the Dogecoin network, delivering utilities to Doge-based assets, and becoming an infrastructure where memecoins can build on and access diverse use cases, Dogechain had proved to be everything it said it would be when it launched in August 2022.
There is no Dogechain without Dogecoin and no Dogecoin DeFi utilities without Dogechain.
Both networks complement each other:
- Dogecoin makes Dogechain an active player in the heart of the memecoin ecosystem.
- Dogechain adds the missing ingredient that makes $DOGE a useful token for DeFi enthusiasts.
Dogechain is building the future of DogeFi and MemeFi by bringing more value to the Dogecoin ecosystem and the wider world of memecoins.
Dogechain developed features and functionalities that increased $DOGE’s usability and real-world applications, contributing to the growth of DogeFi.
Additionally, the chain provides infrastructure and the tools needed for memecoins to thrive, positioning itself as the go-to blockchain for developers building MemeFi projects.
Let’s take a look at some of them.
1. Dogecoin Native Bridge
Dogecoin maxis can agree to this: Your $DOGE has very little use on the Dogecoin network.
Where there is no smart contract compatibility, utility is limited.
Dogechain was built as a blockchain to supercharge and scale the Dogecoin network and to begin its mission, the first task was to plug DOGE into DeFi.
The blockchain’s first action was to create a bridge that would transport DOGE from its original network to Dogechain where it can be used in various use cases besides trading and payments.
When you bridge DOGE to Dogechain, it becomes the wrapped version, WDOGE, which can be used for different purposes on the chain.
- Gas fee
- Liquidity provision to DEXs
- Minting NFTs
- DeFi lending, etc.
Bridge $DOGE for $WDOGE with the Dogecoin native bridge.
2. Pawport Doginals Bridge
Doginals, or DRC20 tokens, are assets on the Dogecoin network. This new set of tokens was discovered during the Ordinals hype.
Just like developers were able to run inscriptions directly on the Bitcoin network to create tokens, developers on Dogecoin also decided to experiment.
However, Ordinals are limited in use cases as they are also not smart contract compatible and can’t be used in DeFi. Therefore, just like $DOGE, Doginals need to meet a plethora of use cases to reach their full potential.
Dogechain took into initiative this groaning need and offered DRC20 token holders a bridge to migrate these tokens from Dogecoin and Dogechain.
On Dogechain, you can enlarge the use cases of your DRC20 tokens, including cross-chain compatibility, automation via smart contracts, and engagement in various DeFi activities.
Start on the Pawport Bridge. For a detailed description of the bridging process, read this article.
3. Build-A-Doge Workshop
Remember that memecoins have always been about fun and creativity — it mostly originates from a joke. Why do you have to be so serious with technical know-how to create one?
Creating memecoins should be as easy as we create memes — open to everyone.
Dogechain changes the game with its Build-A-Doge Workshop, a no-code solution that empowers anyone to create their memecoins.
This innovation means that anyone can bring their dreams to life on Dogechain, regardless of their coding skills. Now, this is the real meaning of memecoins with true decentralization.
Start creating with the Build-A-Doge Workshop.
4. Batch Transaction Tool
The thought of sending assets to several people one after the other can be burdensome and strenuous.
Imagine that you carried out a community giveaway of a reward pool of 100 USDT to be shared with 10 winners: $30, $20, and $15 to be shared to the first, second, and third winners respectively and $5 each to the rest of the winners.
Once the winners submit their USDT addresses, you are left to send their rewards in separate transactions, each consuming time and gas fees.
Save yourself this stress; use the Dogechain Batch Transaction Tool.
This tool allows you to send bulk payments to many people all in one transaction. You just need to include their addresses and the amount of assets for each address and it would be sent to them. The gas fee is charged for one transaction only.
The tool only is compatible with assets on Dogechain alone. Thankfully, $USDT, $USDC, and $WETH are bridgeable to Dogechain via Router Protocol, so you can send these assets using the tool.
Start using the Batch Transaction Tool now.
Through Dogechain, Dogecoin can achieve more than it already has and memecoins know no DeFi boundaries.
The added utility has captured the attention of even the biggest memecoin skeptics.
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